NatWest launches payroll and auto-enrolment service for small businesses
Partnership with Moorepay with enable business owners to manage payroll and set up a workplace pension scheme in the cloud
NatWest has announced a new payroll service designed to “free up time” for small businesses with auto-enrolment management offered as an added extra.
Launched in partnership with payroll solutions provider Moorepay Limited, NatWest Payroll is an end-to-end solution operated via the cloud which automatically calculates changes in legistation, overtime and other areas and will submit end-of year reports on behalf of businesses to HMRC.
The software will also enable employees to view necessary documents such as payslips and p60s online.
Crucially the news sees NatWest enter the pension market with its payroll software able to take auto-enrolment into account and set up a pensions scheme, enrol employees and process contributions and opt-outs.
John Muncey, head of NatWest Mentor; the department which will be overseeing the service, commented:
“NatWest Payroll includes provision for data capture, processing, distribution and reporting and gives businesses easy and secure access to the information they need while offering the ability to manage extras such as Auto Enrolment.
“Our whole ethos is built around helping small businesses and providing them with the support and advice they require.”
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